FINANCING FOR YOUR START UP
AM Capital Source, LLC
Email: [email protected] | Phone: 360-727-7808
www.amcapitalsource.com
AM Capital Source is pleased to present several sources for start up capital. We are direct to these sources and are compensated by them so there is no need for additional fee agreements. Regarding Non-Circumvent, Non-Disclosure that will be at the discretion of AM Capital Source if and when we reveal the name of the sources. Our general protocol is to pre-qualify you and your project by having you answer the following 7 questions and returning them to us via email:
1. Name of project/company? 2. Company Location (City/State)? 3. Industry Company is in?
4. Capital Amount Required? $
5. What type of financing? Working Capital? Seed Round? Start Up? 6. Do you have any collateral? If so, list them:
7. Is the Firm generating any revenue? If so, how much per year? $
I will also need your full name, phone number, and email to make connections with one of our sources (See Section 1, Lender #2).
This document has three sections:
SECTION 1: Nationwide lenders – loans from $5,000 to $150,000. 550+ FICO Required as well as 6 months business bank statements – even if the business did not generate any revenue.
We have three NATIONWIDE sources for start-ups. These lenders offer actual business loans but may also offer business lines of credit or SBA financing depending on size, scope and type of deal you present to us.
Financing For Your Start Up
SECTION 2: Unsecured Business Lines of Credit (UBLOCs). Require 650+ FICO on the founder(s). Partners with qualifying credit scores allowed. $50,000 to $250,000. Most programs from 8 to 12 points charged by lender at closing. Lender fees can be charged on the newly issued credit cards. Seasoning of business: 6 months to 24 months minimums.
SECTION 3: Start Up Capital for amounts greater than $250,000. There are two lenders we work with that will lend more than $250,000 but they will require bankable assets and collateral; first lien position on the assets. (Pre-Revenue)
SECTION 1 TRUE START UP LENDERS LENDER #1 PROGRAM:
$50K or Less Business Loan Program Rates and Terms:
Loan Size $3,500 -‐ $50,000
Term Minimum 24 months up to 120 months
Origination Fee 5% to 10% of the loan amount charged at the time of funding (clients qualify for lower origination fees on 2nd loan)
Interest Rate Rates start as low as 24% (for well qualified clients)
Payment Fixed Monthly ACH Payments Prepayment Penalty **None**
Underwriting FICO: 500+
Bankruptcies ok as long as the BK has been discharged
Documents Required:
· Completed Business Credit Application · Last 2 Months of Business Bank Statements (6 months of bank statements may be required for requests of $20,000+)
· Copy of Driver License
· Copy of Voided Business Check
Eligible States: (As of Oct 2013, and expanding) AL, CA, HI, ID, IL, IN, KS, LA, ME, MS, MO, NC, NM, NV, OH, SC, UT, VA, WI, UT
Program Features & Benefits:
• Same day approval and funding upon receipt of attached funding application and supporting documentation (Information must be received and
submitting to underwriting before 2:30 PM ET to insure same day funding)
· Funding terms range from 2 years to 10 years amortized
• Fixed monthly ACH payments (Unlike other Micro Loan programs that charge clients on a daily ACH payment schedule)
• No SIC Restrictions and No Restricted Business Types
• Start-‐up and well established businesses accepted (start-‐up business must be able to provide at least 2 months of business bank statements)
• No minimum credit card processing requirements
Time in Business Minimum 2 Months Credit Card Processing Not required
Approval Time 1 – 2 Days (after receiving complete client information package)
Funding Time **1 -‐2 Days**
Payback Term Minimum 2 yrs. Max 10 yrs.
Pre-‐Payment Penalty **None**
Payback Method Fixed monthly ACH payments
Funded Amount
Up to 2x Stated/Documented Gross Monthly Revenue
AMCSBDC-‐61213
(Intentionally Left Blank)
Financing For Your Start Up
LENDER #2 PROGRAM:
Financing a startup can seem impossible. We can help. Don’t risk your business on luck or some banker’s mood – we’ll make a complicated process simple & easy so you can go back to doing what you love, running your business.
• Free Consultation. Expert Advice. Fast Funding. • Understand Your Options, Avoid the Pitfalls. • Business Funding, Won’t Affect Personal Credit • Over $100 Million in Funding Since 2009
• Free Legal & Business Consulting with All Services
Need funding for your business or startup? We can help! We’ve been helping small businesses and startups over 10 years and have built $100 million in the past three years alone. Receive free legal and small business consulting for any industry!
Does your business need funds for Startup or Expansion? Receive $10,000 -‐ $1,000,000 in Funding
* No Upfront Fees
* No Financial or taxes required * No Collateral
* We work with damaged credit
* Does NOT report on your personal credit * Helps build business credit
* No Restrictions on funds
* Use for any business purposes (startup, working capital, inventory, equipment, real estate and franchise purchases)
* Fast Funding in as quick as 10 -‐15 days
Free Business and Legal Consulting with All of Our Services SBA Loans up to $5 Million
Equipment Financing Available Real Estate Investors Welcome! Bad Credit?
No Problem!
Use a Credit Partner Franchise Funding
Crowdfunding Consulting and Campaign Management available Retirement Funding (use your 401K or IRA)
AMCSFS-‐4414
LENDER #3 PROGRAM:
Approval within 48 hours.
• SBA Startup Loans • Micro Loan
• Angel Investors • Business Loans • Lines of Credit
• Unsecure Line of Credit • Small Business Loans AMCSCBF-‐42814
SECTION 2 UNSECURED BUSINESS LINES OF CREDIT
Unsecured Business Lines of Credit (UBLOC) are basically credit cards issued to a business. They are revolving and can be used for just about anything.
We work with 3 lenders that offer assistance in getting these cards and into the program. The average capital raise is usually between $15,000 to $90,000. Anything more or less, and we’ll need to discuss.
In general, the borrower must have the following qualifications:
1. An entity (like an LLC, C-‐Corp, S-‐Corp, etc.) seasoned at least 6 months
2. Borrower must have a 680 FICO or higher. If you don’t, you are allowed to bring in a partner with those kinds of scores.
3. Most cards offer interest free interest for six months to one year
4. Revolving credit: don’t need to pay off the balance (I don’t support or suggest this)
5. Points: 8% to 12% paid on the amount raised, when the client has the cards in hand.
6. Average of 21 days to get funding
LENDER #4 PROGRAM: Please send an email to me at: [email protected] . I will attach 4 documents to guide you through the whole process and check out our
Financing For Your Start Up LENDER #5 PROGRAM:
Here are some highlights of this lender and their UBLOC program:
• Funding amount between $25,000 to $100,000+ per client with no collateral required (co-‐signers are required for funding requests of $100,000 or more)
• Revolving business credit lines offered with 0%-‐2.99% introductory rates between 6-‐24 months. Annual Percentage Rate (APR) ranges between 9.9%-‐ 22.9%, and is contingent upon the credit worthiness of the
applicant. Average APR after promotional period expires is 11.9%
(Individual applicant’s credit profile will determine the APR, and the term of each introductory period offered)
• Funding turnaround time is between 14 to 21 business days from the time in which lender receives the completed funding application and supporting documentation
• Start up and well established businesses accepted
• Applicant(s) must have a 680+ average tri-‐merge FICO score
• Applicant(s) must have less than a 50% utilization ratio on all current revolving lines of credit
• Applicant(s) are required to have a minimum number of inquiries showing on their credit report for the last 6 months (The more inquiries that’s are showing on an applicant’s credit report the less likely we will be able to maximize the potential funding amount)
• Applicant(s) are required to provide their most recent tri-‐merge credit report from www.creditchecktotal.com
• When applicant approves of funding proposal applicant is required to keep their Credit Check Total account active throughout the funding process
A funding status update and/or funding proposal will be given to the applicant(s) within 3 business days from the date in which the lender receives a full Credit Check Total tri-‐merge credit report
SECTION 3 START-UP BUSINESS LOANS OVER $250,000
Keep in mind that these lenders will want to see proof of assets or collateral. The reason is that they will look at collateral as a way to recover any losses caused by the borrower or the subject property.
LENDER #6 PROGRAM: NATIONWIDE
ASSETS: REAL ESTATE, EQUIPMENT, VEHICLES
REAL ESTATE: UP TO 70% CLTV
EQUIPMENT: UP TO 50% LTV
VEHICLES: MUST BE FULLY OWNED, UP TO 50% LTV
SUCCESS FEE: 6% OF LOAN AMOUNT
$495 APPLICATION FEE (FULLY REFUNDABLE)
LENDER #7 PROGRAM:
We have three or more lenders with great programs but we will provide up-‐to-‐date information on the current lenders and their programs. You are not obligated to pay or accept anything from these lenders; however, a full document packed should be sent to me first before we can determine whether we can take the project on or not.
Questions?
AM Capital Source, LLC 106 NE 17th Street
Battle Ground, WA 98604
Email: [email protected] Phone: (360) 727-‐7808
